https://www.taxtmi.com/caselaws?id=306155 The Tribunal upheld the Assessee's appeal, allowing deduction u/s.80-IB(10) for the project 'Garden Estate' on a proportionate basis, following precedents favoring the Assessee. It found no violation of eligibility conditions under section 80-IB(10) for the housing project, rejecting the Revenue's argument against proportionate deduction. The Tribunal referred the matter back to the CIT(A) to reconsider the impact of Finance Act, 2009 amendments on project eligibility, emphasizing compliance with all qualifying conditions for deductions under the Income Tax Act. en-us Fri, 10 Apr 2015 00:00:00 +0530 Fri, 13 Jan 2023 21:11:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306155 The Tribunal upheld the Assessee's appeal, allowing deduction u/s.80-IB(10) for the project 'Garden Estate' on a proportionate basis, following precedents favoring the Assessee. It found no violation of eligibility conditions under section 80-IB(10) for the housing project, rejecting the Revenue's argument against proportionate deduction. The Tribunal referred the matter back to the CIT(A) to reconsider the impact of Finance Act, 2009 amendments on project eligibility, emphasizing compliance with all qualifying conditions for deductions under the Income Tax Act. Case-Laws Income Tax Fri, 10 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306155